Terex Co. (NYSE:TEX) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lowered its holdings in shares of Terex Co. (NYSE:TEX) by 26.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 713 shares of the industrial products company’s stock after selling 256 shares during the quarter. Blue Trust Inc.’s holdings in Terex were worth $33,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Regents Gate Capital LLP purchased a new position in shares of Terex during the 4th quarter worth approximately $5,561,000. Point72 Asset Management L.P. purchased a new position in Terex during the third quarter worth $4,283,000. Foundry Partners LLC acquired a new position in shares of Terex in the third quarter worth $3,881,000. Bridgewater Associates LP raised its holdings in shares of Terex by 176.1% in the third quarter. Bridgewater Associates LP now owns 79,009 shares of the industrial products company’s stock worth $4,180,000 after acquiring an additional 50,389 shares during the last quarter. Finally, Curated Wealth Partners LLC lifted its position in shares of Terex by 28.3% in the fourth quarter. Curated Wealth Partners LLC now owns 226,922 shares of the industrial products company’s stock valued at $10,488,000 after acquiring an additional 50,000 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.

Terex Trading Down 2.6 %

Shares of TEX opened at $41.33 on Friday. Terex Co. has a twelve month low of $41.24 and a twelve month high of $68.08. The firm has a market capitalization of $2.74 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 4.53 and a beta of 1.54. The company has a current ratio of 2.16, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41. The stock’s fifty day simple moving average is $45.89 and its 200 day simple moving average is $50.60.

Terex (NYSE:TEX) last released its quarterly earnings data on Thursday, February 6th. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Terex had a return on equity of 21.99% and a net margin of 6.54%. During the same period in the prior year, the business posted $1.88 EPS. On average, equities research analysts forecast that Terex Co. will post 4.83 earnings per share for the current year.

Terex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.68 annualized dividend and a yield of 1.65%. Terex’s dividend payout ratio is currently 13.71%.

Insiders Place Their Bets

In other Terex news, Director David A. Sachs purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $49.75 per share, with a total value of $995,000.00. Following the transaction, the director now owns 137,500 shares in the company, valued at approximately $6,840,625. This trade represents a 17.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Simon Meester sold 9,877 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $51.14, for a total value of $505,109.78. Following the completion of the sale, the chief executive officer now owns 127,858 shares of the company’s stock, valued at approximately $6,538,658.12. This represents a 7.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TEX shares. Evercore ISI dropped their price objective on Terex from $63.00 to $59.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. StockNews.com downgraded shares of Terex from a “hold” rating to a “sell” rating in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their price objective on shares of Terex from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Citigroup lowered their target price on shares of Terex from $57.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Finally, Truist Financial reduced their price target on Terex from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.11.

Terex Profile

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Materials Processing (MP) and Aerial Work Platforms (AWP). The MP segment designs, manufactures, services, and markets materials processing and specialty equipment, includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands.